Michael Warren.

The Arthur M. Blank Family Foundation is donating $50 million to Atlanta’s historically Black colleges and universities. The money will support nearly 10,000 students with “gap scholarships” if they are approaching graduation in good academic standing and have exhausted all other financing. The aim is to raise graduation rates at Clark Atlanta University, Morehouse College, Morris Brown College and Spelman College. The 10-year commitment announced Monday comes days after the Trump administration said it would redirect nearly $500 million toward HBCUs and tribal colleges as a one-time investment, covered primarily by cutting funding to colleges with large Hispanic enrollments.